Euronet Worldwide, Inc. (EEFT) CEO Kevin J. Caponecchi Sells 49,238 Shares of Stock
Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Kevin J. Caponecchi sold 49,238 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $97.67, for a total value of $4,809,075.46. Following the completion of the sale, the chief executive officer now directly owns 79,096 shares in the company, valued at $7,725,306.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Euronet Worldwide, Inc. (NASDAQ:EEFT) traded down 0.04% during trading on Thursday, hitting $98.00. The company had a trading volume of 23,335 shares. Euronet Worldwide, Inc. has a 1-year low of $70.51 and a 1-year high of $98.55. The company’s 50 day moving average price is $96.50 and its 200-day moving average price is $88.41. The stock has a market capitalization of $5.15 billion, a price-to-earnings ratio of 31.63 and a beta of 1.36.
Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Wednesday, July 26th. The business services provider reported $1.09 EPS for the quarter, beating the consensus estimate of $1.08 by $0.01. The firm had revenue of $536.60 million for the quarter, compared to analyst estimates of $513.10 million. Euronet Worldwide had a return on equity of 22.32% and a net margin of 8.23%. The company’s revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.97 EPS. On average, analysts expect that Euronet Worldwide, Inc. will post $4.55 EPS for the current year.
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Several analysts recently weighed in on the company. BidaskClub raised Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th. Lake Street Capital reissued a “buy” rating and set a $99.00 price target (up from $96.00) on shares of Euronet Worldwide in a research note on Thursday, July 27th. DA Davidson assumed coverage on Euronet Worldwide in a research note on Wednesday, July 19th. They set a “buy” rating and a $105.00 price target on the stock. Finally, Zacks Investment Research raised Euronet Worldwide from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a research note on Monday, July 17th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $100.20.
Several institutional investors have recently made changes to their positions in the company. BB&T Securities LLC boosted its holdings in Euronet Worldwide by 3.8% during the 2nd quarter. BB&T Securities LLC now owns 10,162 shares of the business services provider’s stock valued at $887,000 after acquiring an additional 370 shares during the period. Credit Agricole S A boosted its holdings in Euronet Worldwide by 20.0% during the 1st quarter. Credit Agricole S A now owns 86,400 shares of the business services provider’s stock valued at $7,389,000 after acquiring an additional 14,400 shares during the period. Russell Investments Group Ltd. boosted its holdings in Euronet Worldwide by 100.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 23,146 shares of the business services provider’s stock valued at $2,023,000 after acquiring an additional 11,606 shares during the period. Renaissance Group LLC boosted its holdings in Euronet Worldwide by 0.9% during the 2nd quarter. Renaissance Group LLC now owns 3,864 shares of the business services provider’s stock valued at $338,000 after acquiring an additional 36 shares during the period. Finally, Marshall Wace LLP purchased a new stake in Euronet Worldwide during the 2nd quarter valued at about $1,282,000. Hedge funds and other institutional investors own 93.96% of the company’s stock.
About Euronet Worldwide
Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.
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